Overcoming Sustainability Barriers
Stronger regulations and alignment on industry standards can help overcome other barriers to sustainability.
The inconsistent mix of sustainability regulations around the world continues to threaten progress toward broader sustainability advancements. That’s why 68% of executives agree that stricter regulations are necessary to achieve their industry’s 2030 sustainability goals.
Likewise, a lack of industry standards and supply chain complexity are significant barriers to achieving industry-wide goals. For example, 82% of organizations in the data, cloud computing, and AI industry cited a lack of industry standards as a challenge to meeting their industry’s sustainability goals. In the automotive and commercial transportation industry, 65% of organizations said achieving a more sustainable supply chain is one of their industry’s key 2030 goals, while 62% of wireless/5G companies said difficulty ensuring sustainability across the supply chain is a top challenge preventing sustainability innovation.
TE Takeaway
Achieving sustainability goals across a supply chain requires a holistic and integrated approach – one that leads by example and affirms positive behavior. Your supplier partnerships – as well as your own team members – are the keys to successfully embedding sustainable practices in your daily work and across the supply chain.
For example, TE shares our energy-efficient manufacturing processes, such as using renewable energy sources and improving energy use, with our suppliers. We celebrate the suppliers who follow our lead most successfully in front of their peers at an annual conference.
TE also drives energy efficiency by optimizing transportation routes to reduce emissions, consolidating shipments and investing in more sustainable transportation options like ocean over air. A key to a more sustainable supply chain is the ability to harness the power of engagement and training to inspire employees and partners across the entire supply chain to innovate and implement best practices.
Teresa Dickerson
Vice President, Chief Supply Chain Officer